All Economy
- Paycheck Fairness Act up for Senate votePaycheck Fairness Act aims to aims to strengthen the Fair Labor Standards Act's protections against paycheck inequities based on gender. The Paycheck Fairness Act is up for a Senate vote Tuesday.
- CBO report: US could be the next Greece – in 2037The Congressional Budget Office (CBO) released its annual report, and the US is still facing significant debt problems. What Congress does after November could have a big impact.
- Non-manufacturing business index flat, but industry optimisticIndex indicates that service related business activity went flat in May with the business activity component increasing while the overall non-manufacturing index improved just slightly in April; respondents slightly mixed, but with more positive expectations.
- All but three states reject 'pink slime' in school lunchesThe vast majority of states participating in the National School Lunch Program have opted to order ground beef that doesn't contain the product known as lean finely textured beef, or 'pink slime.'
- Ready to pop? The subprime student loan bubble balloonsThe feds pay for GIs to go to school. They give grants to the schools themselves. And they hand out hundreds of billions in loans, at low teaser rates to students; sometimes to students who are unqualified and unlikely to get much out of it.
- Father's Day gifts: 5 tips for buying a great grillFather's day gifts can include grills for the summer cookout season. Here are 5 things to consider when buying a grill, a perfect Father's Day gift.
- European markets lose early gains. Hopes slim for G7 action.Euro STOXX 50 erases gains. Spain says it's shut out of credit markets. Eurozone retail sales, German industrial production fall. G7 finance chiefs confer Tuesday, but analysts expect little concrete action.
- Proceed with caution: State of the Exchange Traded ProductsOur Reformed Broker ruminates on the future of Exchange Traded Products (ETPs), which he believes will, at a certain point in the coming decade, completely swamp the mutual fund and ultimately eliminate it from the market.
- Calm returns to Wall Street, trading closes with mixed resultsThe Dow Jones average opened at its lowest level since December after a 275-point sell-off on Friday ignited by grim economic signals, especially a dismal report on the labor market. The index closed down 17 points at 12,101.
- The distracted driving battle moves to the boardroomWe all know that distracted driving is bad. A growing number of companies know it, too, and they're taking steps to ensure that their employees keep cell phones turned off when they're behind the wheel.
- NFL replacement refs: Cautious league to start hiringReplacement refs could include retired college referees or even current ones. Since contract talks with regular referees continue, the NFL will start training sessions for replacement refs later this month.
- Blessing and a curse: countries struggle with oil resourcesWhere drilling used to be in established areas, like Texas, Saudi Arabia, and Russia, it is now moving offshore, leaving some to wonder whether the institutional capacities of these countries and regions are sufficient to avoid the resource curse.
- Using '16 ounce cup' logic to reduce your personal spendingMayor Michael Bloomberg's proposed ban on large sugared drinks has got our personal finance expert thinking about limits. The less you listen to immediate impulses, he says, the more you’ll do for your long term financial health.
- 'Safe havens' starting to look a lot less secureContinued worries about Spain and Greece, increasing signs that the weak US recovery is getting weaker and indications that the euro area slumps are deepening push down bond yields in perceived "safe haven" countries.
- Wedding cost? Flat. Fewer marry. Wedding boom over?Average wedding cost $25,600 last year, virtually unchanged from 2010. Many who are getting married are looking for ways to cut wedding costs.
- Even China's stock market can't avoid Tiananmen censoringChina's stock market index falls 64.89 on June 4, the anniversary of the 1989 crackdown in Tiananmen Square. So censors block online access to 'stock market,' 'Shanghai Composite Index,' and related search terms. Â
- As recovery signs slow, US Treasury bonds sales continueWith no sign of a real recovery in sight, Bonner wonders who will come out the winner when the dust finally settles. Will it be the gold bugs, holding on to cash, the savvier stock traders, or perhaps, could it possibly be bonds buyers?
- US stocks set for anemic openingUS stocks closely watched as S&P breaks through key technical level. Futures suggest a slight rise in US stocks at the open.Â
- Gas prices drop nationally as economy slowsGas prices have dropped more than 30 cents a gallon in most parts of the US, resulting from a steep plunge in oil prices. The national average for gas prices is $3.59, down five cents from last week.
- The euro exodus from Greece and SpainWary depositors are hauling billions of euros our of Greek and Spanish banks, reflecting the nervous mood of the people.